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Challenges in converting exploration contracts into production

The Colombian government’s reluctance to award new oil contracts stems from the belief that previously awarded contracts are sufficient to sustain hydrocarbon exploration and production in the country.

Tuesday, August 29th, 2023
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ECP announces more executive changes

Ecopetrol (NYSE: EC) is undergoing a series of changes within its executive team.

Tuesday, August 29th, 2023
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Pacific Regasification project and natural gas prices

The Pacific Regasification project remains one of Colombia’s energy endeavors that the government is determined to develop to bolster energy security.

Tuesday, August 29th, 2023
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There’s one for you, nineteen for me

There’s one for you, nineteen for me

Ecopetrol’s Net Income looks to fall just over 40% this year with most of the decrease coming from E&P. What causes that? Lower oil prices? Higher costs as President Gustavo Petro turns the NOC into his social agenda’s “petty cash”? Or, as the press release put it, tax reform?

Tuesday, August 29th, 2023
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TGI 2Q23 results

TGI 2Q23 results

Transportadora de Gas Internacional (TGI), a subsidiary of Grupo Energía Bogotá (GEB), published its results for the second quarter of this year.

Thursday, August 24th, 2023
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Tax reform affected exploration

Orlando Cabrales, President of Frontera Energy, spoke about the energy transition and the impact of the tax reform on exploration activity in the country.

Thursday, August 24th, 2023
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Komodo well to be drilled in 2H24

Ecopetrol (NYSE: EC) talked about its plans in the Colombian Caribbean.

Thursday, August 24th, 2023
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Parex announces new CFO

Parex Resources Inc. (TSX: PXT) announced the appointment of Sanjay Bishnoi to Chief Financial Officer (CFO), effective October 2, 2023.

Thursday, August 24th, 2023
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Rig count in July

Rig count in July

The Colombian Chamber of Goods and Services (Campetrol) reported rig information for July 2023.

Wednesday, August 23rd, 2023
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Oil pipeline attacked

In yet another unfortunate incident, the Coveñas Caño Limón (CCL) oil pipeline fell victim to an attack by armed groups.

Wednesday, August 23rd, 2023
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